Hong Sun, chairman of the Korea Chamber of Business in Vietnam (KOCHAM), told the Vietnam Business Forum 2023 on Sunday that many South Korean businesses find that it usually takes two to three months to acquire work permits for their foreign staff. And in some cases, the process can take up to six months as additional paperwork is sometimes required, he added. KOCHAM proposed that the authorities provide businesses with a consistent and precise guideline on requesting work permits. The chamber also suggested that the Vietnamese government give graduates of the one-year K-Move School program expert work permits. Sun added that the K-Move School program is run by the South Korean government and that its graduates are highly qualified. He said that they can be considered experts and are even qualified to be the CEO of a business, and therefore they should be able to receive expert work permits in Vietnam. Gabor Fluit, chairman of the European Chamber of Commerce in Vietnam … [Read more...] about Foreign businesses want work permit procedures simplified
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Central Retail signs agreements with southeastern businesses, cooperatives
Central Retail inks deals with six suppliers in the southeast region at a trade promotion conference between HCM City and its neighbours in Binh Phuoc province on March 17. (Photo courtesy of Central Retail) HCM City (VNS/VNA) - Central Retail Vietnam 's sourcing team has met with businesses and suppliers in the southeast to discuss cooperation opportunities at a trade promotion conference between Ho Chi Minh City and its neighbours in Binh Phuoc province last week. Representatives of the retailer’s fast-moving consumer goods and fresh food divisions apprised their interlocutors about their purchasing processes, documentation, packing, and labelling requirements. The meeting should make it easier for businesses and cooperatives to bring their products into Central Retail’s Go! and Big C supermarket chains , they added. Central Retail struck deals with six suppliers in the southeast region: VINAHE Co., Ltd (roasted cashewnuts), Nham Nhung production establishment … [Read more...] about Central Retail signs agreements with southeastern businesses, cooperatives
Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023
Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Pham Minh Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green growth needs a suitable roadmap, with conditions and capacity of each region, locality and business taken into consideration, he noted, encouraging the engagement of all, particularly businesses and people, in this regard. The Government will work to consolidate institutions, … [Read more...] about Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023
Hoa Binh province exports first batch of fresh sugarcane to US
Hoa Binh export s first batch of sugarcane to the US on March 19. (Photo: VNA) Hoa Binh (VNA) – The first batch of 20 tonnes of fresh sugarcane from Hoa Binh bound for the US was announced at a ceremony held in the northern mountainous province on March 19. Speaking at the event, Vice Chairman of the provincial People’s Committee Dinh Con Su said the province will seek ways to boost sugarcane exports, contributing to the development of sugar industry in the locality. Director of the provincial Department of Agriculture and Rural Development Nguyen Huy Nhuan said that sugarcane can bring high economic value and has huge potential for expanding exports. The department will create the best condition for local businesses to seek market in the time ahead. The province first exported fresh sugarcane to Japan in 2020 with 5.7 tonnes and the volume rose to 300 tonnes in 2022, with orders from demanding markets such as the Republic of Korea, the UK and the EU./. … [Read more...] about Hoa Binh province exports first batch of fresh sugarcane to US
MoMo, Western Union partner for money transfer in Vietnam
At the event (Photo: MoMo) HCM City (VNA) - Vietnamese digital payment firm MoMo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app. It is the first time a money transfer operator’s services have become available on a leading super app in Vietnam. Accordingly, it takes MoMo users about one minute to receive international money transfers from relatives in over 200 countries and territories. The recipient only needs to access MoMo and enter the 10-digit Money Transfer Control Number provided by the sender to receive the money immediately from their relatives abroad. With an ecosystem of nearly 50 partner banks, in just a few simple steps through the international money transfer service supported by MoMo, the money will be transferred to the recipient's account. Exclusive insights from Western Union research showed that a staggering … [Read more...] about MoMo, Western Union partner for money transfer in Vietnam
Tra Vinh clam breeding cooperatives receive ASC certificate
Representatives of three clam breeding co-operatives in Tra Vinh province receive Aquaculture Stewardship Council (ASC) certification for their bivalve molluscs. (Photo: VNA) Tra Vinh (VNS/VNA) - Three clam farming cooperative s in the Mekong Delta of Tra Vinh with a total area of 433ha have been awarded the Aquaculture Stewardship Council quality certification. They are the Thanh Cong Cooperative in Cau Ngang district’s My Long Nam commune, Tien Thanh Clam Cooperative in Chau Thanh district’s Long Hoa commune and Long Thanh Agriculture Cooperative also in Long Hoa. The province Department of Agriculture and Rural Development and the International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS) held a ceremony to hand over the certificates to the cooperatives last week. Also at the ceremony, the Ben Tre Seafood Joint Stock Company and the Hung Truong Phat Aquamarine Product Joint Stock Company in Ben Tre province and the Lenger Seafoods Vietnam … [Read more...] about Tra Vinh clam breeding cooperatives receive ASC certificate
Vietnam Airlines restarts air services between Hanoi and Beijing
Vietnam’s national flag carrier Vietnam Airlines has resumed its regular flights linking Hanoi and Beijing after a three-year pause due to the COVID-19 pandemic. The airline’s flight VN513 departed from Beijing at 3:30 pm and landed in Hanoi at 5.55 pm on Sunday. Before the resumption of the Beijing-Hanoi flight, Vietnam Airlines held a welcoming ceremony for the passengers on board at Beijing International Airport, with the participation of Vietnam and China's competent agencies and enterprises and over 100 passengers. The air carrier is operating the Hanoi-Beijing air route with a frequency of three round-trip flights a week. The airline will start increasing its frequency from mid-2023, while planning to open an air route connecting with Beijing’s Daxing International Airport. China is one of Vietnam Airlines’ biggest international source markets. The air carrier has reopened most of its air routes linking Vietnam to China, said a representative of the airline. The … [Read more...] about Vietnam Airlines restarts air services between Hanoi and Beijing
Agricultural exports to newly opened China surge
This has been the busiest year ever for traders like Nguyen Thi Thuy Linh in the southern province of Tien Giang. She has been scrambling to find top quality fruits grown in the Mekong Delta to sell to Chinese buyers. "In previous years we only bought limited quantities of durian, jackfruit and mango to sell domestically, but this year we have been raising prices continuously to get enough for exports." Thanh Mai, a trader in the Central Highlands, has been struggling to meet her increasing export quota. She now pays farmers double last year’s prices: VND20,000 for a kilogram of taro, and VND14,000 for yam. Export companies are also busy. Van Xuan Phat Exports and Imports ships thousands of tons of durian to China every month, while major exporter Vina T&T has secured a contract for 22,500 tons of the fruit. In Dong Nai and Binh Phuoc Provinces, companies are preparing to export 500,000-600,000 tons of durian to China. Vietnamese rice is also imported by China … [Read more...] about Agricultural exports to newly opened China surge
Coast guard force and Ben Tre province sign coordination agreement
Attending the event were Major General Le Quang Dao, Deputy Secretary of the Party Committee, Commander of the Vietnam Coast Guard; Comrade Ho Thi Hoang Yen, Standing Deputy Secretary of the Ben Tre Provincial Party Committee; Tran Ngoc Tam, Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Ben Tre Province. At the event, Deputy Political Commissar of the Vietnam Coast Guard Command Major General Tran Van Xuan reviewed the coordination in conducting the “Coast guard stand by fishermen” program over the past time. Organized for the first time in March 2017, the program has obtained practical achievements in disseminating the Party’s guidelines and State’s policies to people; supporting fishermen in fishing at sea, contributing to firmly safeguarding national sovereignty over sea and islands; assisting localities in socio-economic and cultural development, poverty reduction, new-style rural area building, and living standard improvement. Over … [Read more...] about Coast guard force and Ben Tre province sign coordination agreement
VN-Index plunges with no blue chip in green
The index closed 22.04 points lower after losing 2.26 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.21% to VND9.75 trillion ($413.44 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers dropped. TPB of private TPBank led the fall with a 5.3% drop, followed by VCB of state-owned lender Vietcombank, down 4.4%. POW of electricity producer Petrovietnam Power Corporation lost 4.1% and SSI of leading brokerage SSI Securities Corporation closed 3.9% lower. PLX of fuel distributor Petrolimex and VPB of private lender VPBank stayed unchanged. Foreign investors were net sellers to the tune of VND346.24 billion, mainly selling HPG of steelmaker Hoa Phat Group and VIC of private conglomerate Vingroup. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.39% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.54%. … [Read more...] about VN-Index plunges with no blue chip in green